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Pakistan Bureau of Statistics claims country’s economy moving on right track

Pakistan Bureau of Statistics claims country’s economy moving on right track

ISLAMABAD: The country’s economy is moving on right track because of prudent economic policies of the government despite challenges on different fronts. According to Radio Pakistan quoting a report of Pakistan Bureau of Statistics, major economic indicators have shown positive signs of sustainable growth owing to improved foreign exchange reserves, workers’ remittances and increased investment.

A considerable increase has been witnessed in large scale manufacturing, foreign remittances and stock market besides bringing down the inflation to single digit, the report added. Economic experts say the economic growth has been possible due to political stability, good governance and the will of the nation to eliminate terrorism, as indicated by the ongoing operation Zarb-e-Azb.

Overseas workers’ remittances have reached nearly 9 billion dollars during first half of the current Fiscal Year showing an impressive growth of 15.25 percent. According to the report, foreign exchange reserves increased to over 15 billion dollars. The revenue collection too witnessed significant growth of 13 percent in the first half of current Fiscal Year from 1031 billion rupees last year to 1,158 billion rupees.